The Manufacturers Life Insurance Company Cuts Stake in Zeta Global Holdings Corp. (NYSE:ZETA)

The Manufacturers Life Insurance Company cut its holdings in shares of Zeta Global Holdings Corp. (NYSE:ZETA) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,482 shares of the company’s stock after selling 13,575 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Zeta Global were worth $2,006,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its position in Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after purchasing an additional 112,238 shares during the period. Franklin Resources Inc. lifted its stake in shares of Zeta Global by 86.0% in the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after acquiring an additional 59,311 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Zeta Global during the 4th quarter valued at about $2,444,000. Harbor Capital Advisors Inc. grew its position in Zeta Global by 110.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 52,518 shares of the company’s stock worth $945,000 after acquiring an additional 27,572 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Zeta Global by 53.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 43,477 shares of the company’s stock worth $782,000 after purchasing an additional 15,068 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZETA shares. Royal Bank of Canada dropped their price objective on Zeta Global from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group decreased their price objective on shares of Zeta Global from $27.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Barclays dropped their target price on shares of Zeta Global from $32.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 26th. Finally, B. Riley cut their price objective on Zeta Global from $44.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.36.

Zeta Global Stock Up 0.3 %

NYSE:ZETA opened at $13.35 on Friday. Zeta Global Holdings Corp. has a 1-year low of $10.69 and a 1-year high of $38.20. The company has a market capitalization of $3.17 billion, a PE ratio of -19.07, a P/E/G ratio of 1.65 and a beta of 1.29. The firm’s 50-day moving average price is $13.39 and its 200-day moving average price is $18.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.